IoT Chips Market SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)

IoT Chips Market is segmented By Hardware (Processor, Sensor, Connectivity IC, Memory Device, Logic Device), By Industry Vertical (Consumer Electronics, Automotive & Transportation, Healthcare, Industrial, Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa). The report offers the value (in USD billion) for the above-mentioned segments.

IoT Chips Market is segmented By Hardware (Processor, Sensor, Connectivity IC, Memory Device, Logic Device), By Industry Vertical (Consumer Electronic....

IoT Chips Market Size

Market Size in USD

CAGR14.8%

Study Period	2024 - 2031
Base Year of Estimation	2023
CAGR	14.8%
Market Concentration	High
Major Players	Intel Corporation, Samsung Electronics Co. Ltd, Qualcomm Technologies Inc., Texas Instruments Incorporated, NXP Semiconductors NV

*Disclaimer: Major players are listed in no particular order.

*Source: Coherent Market Insights

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IoT Chips Market Analysis

The IoT chips market is estimated to be valued at USD 539.44 Bn in 2024 and is expected to reach USD 1414.85 Bn by 2031, growing at a compound annual growth rate (CAGR) of 14.8% from 2024 to 2031. The widespread adoption of IoT devices across various industries such as manufacturing, healthcare, retail and automotive is driving IoT chips market.

IoT Chips Market Report Snapshots

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